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Indifference Curves - Rising Income and Normal Goods

Level:: A-Level, IB

Board:: AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 21 Mar 2021

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This short revision video consider how demand for two normal goods (with a positive income elasticity of demand) is affected when real income increases. The video uses indifference curve analysis to show how a rise in income causes an outward shift in the demand curve.